Sanghvi Movers Share Price Gains 5% After ₹292 Crore Renewable Power Project Orders

Sanghvi Movers share price (NSE: SANGHVIMOV) jumped nearly 5% on Tuesday, touching a 52-week high of ₹390.1 per share, after its subsidiary secured major orders worth ₹292 crore. The stock later eased but was still trading higher at ₹377.90, up 1.68% by mid-morning.

The stock has gained 23% so far in 2025, much higher than the 6.5% rise in the Nifty 50. 

Sanghvi Movers Order Win Details

The subsidiary, Sangreen Future Renewable Pvt. Ltd., has received work orders worth ₹292 crore from independent power producers (IPPs).

The contracts are for wind energy projects, including:

• Civil foundations for wind turbines
• Internal roads and crane platforms
• Turbine installation and mechanical works
• 33 kV internal line works and DP yards

The projects will start in Q2 FY26 and are expected to finish by Q1 FY27.

Financial Performance

Despite recent order wins, Sanghvi Movers has faced pressure on earnings:

• Q4 FY25 net profit fell 9% to ₹43.45 crore vs ₹47.74 crore YoY.
• Revenue dropped 1.9% to ₹162.32 crore.
• For FY25, net profit declined 30% to ₹131.82 crore and revenue fell 9.6% to ₹540.95 crore.

Also Read: Myntra Reports Over 1,674% Jump in Net Profit to ₹548.3 Crore in FY25!

Company Outlook

Sanghvi Movers, known for its crane rental and infrastructure services, works with industries like power, steel, cement, refineries, and petrochemicals.

Managing Director Rishi C. Sanghvi said the company is entering a new growth phase under its “Elevate 2030” strategy, focusing on diversification, global competitiveness, and long-term value creation.

Conclusion

The latest order win is a positive development for Sanghvi Movers as it strengthens its renewable energy business and adds to growth visibility. While short-term financial performance has been weak, the company’s strategy to diversify and expand its business could support a stronger outlook. 

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